ANZ Bank, Australian Morning Focus extractNorthern Hemisphere markets were soggy, but US markets bounced following the Fed hold and then weakened into the close as bond yields rose. In bond markets, the yield on the bellwether US 10yr Treasury bond was 9bp higher at 4.65%. The absence of forward guidance meant markets had priced around a one-third probability of a 25bp rate increase at this meeting. Go to Portfolio and Alerts on the website and tick the box in front of The Overnight Report. You will receive an email alert every time a new Overnight Report has been published on the website.